2022-08-31-accounts - St Bede's School Trust Sussex

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Index Page
Legal and Administrative		Information
Report ofthe	Governors		3-27
Independent	Auditor's Report		28-30
Consolidated	Statement	of Financial Activities	31
Consolidated	Balance Sheet		32
Consolidated	Cash Flow	Statement	33
Notes to the	Accounts		34-55

						2022	2021
Ener consum	tion		used to calculate emissions		kWh	6,633,103	5,079,727
Energy consumption			breakdown	(kWh)
Gas						1,152,695	1,056,729
LPG						956,692	781,580
Fuel Oil						1,296,465	999,966
Gas Oil						78,618	62,940
Electricity						2,214,204	1,624,480
Trans ort Fuel						934,429	554,032
Scope 1 emissions		in metric tonnes COze
Gas consumption						207.49	193.55
LGP						200.90	167.64
Fuel Oil						350.04	268.14
Gas Oil						20.44	16.16
Owned transport Total Sco e1	—minibuses					222.06 1 000.93	130.86 776.35
Scope 2 emissions		in metric tonnes COze
Purchased electrici						428.18	344.93
Scope 3emissions		in metric tonnes COze
Business travel	in em		lo ee owned vehicles			2.14	0.31
Total Gross emissions in metric tonnes COze						1,431.25	1,121.59
Intensity ratio tonnes COze per				pupil (1085)		1.3191	1.1149

					Unrestricted	Restricted	Total	Total
					Funds	Funds
					2022	2022	2022	2021
				Notes	E'000	6'000	g'000	E'000
INCOME FROM:
Charitable Activities					30,553		30,553	22,731
Grants, Donations	and Legacies				74	15	89	793
Investment Income					6		6	1
Other Income					12		12	66
Non-ancillary trading		income			130		130	192
Total Income					30,775	15	30,790	23,783
EXPENDITURE ON:
Cost of Raising Funds					1,147		1,147	904
Charitable Activities					25,644	20	25,664	21,404
Total Expenditure					26,791	20	26,811	22,308
Net Income					3,984	(5)	3,979	1,475
Transfer between		Funds
Net Movement in	Funds				3,984	(5)	3,979	1,475
Fund Balance at 1"September			2021	19	26,681	30	26,711	25,236
Fund Balance at 31"August 2022				19	30,665	25	30,690	26,711

					Group	Group	Charity	Charity
					2022	2021	2022	2021
				Notes	6'000	6'000	K'000	F'000
Fixed assets
Intangible Assets				10	74	60	74	60
Tangible Assets				11	35,634	30,345	35,693	30,228
Investments				12	-	-	20	20
					35,708	30,405	35,787	30,308
Current assets
Stock					79	158
Debtors				13	1,013	1,041	1,212	1,253
Cash at bank		and in	hand		8,355	11,170	8,341	10,943
					9,447	12,369	9,553	12,196
Creditors:	Amounts		falling due within one	14	(7,276)	(8,626)	(7,393)	(8,485)
year
Net current	assets				2 171	3743	2 160	3711
Total assets		less current liabilities			37,879	34,148	37,947	34,019
Creditors:	Amounts		falling due after one	15	(7,189)	(7,437)	(7,189)	(7,437)
year
Net assets					30,690	26,711	30,758	26,582
Represented		by
Restricted Funds				19	25	30	25	30
Unrestricted		Funds		19
General Fund					30,531	21,251	30,599	21,122
Designated	Funds				134	5430	134	5430
					30,665	26,681	30,733	26,552
Total Funds					30,690	26,711	30,758	26,582

		Notes	2022 f'000	2022 f'000	2021 f'000	2021 f'000
Net cash generated from operating		17		4,829		5,617
activities
Cash flows from Investing	activities
Purchase ofintangible fixed	assets		(38)		(22)
Purchase oftangible fixed assets			(6,783)		(1,161)
Net cash used in Investing	activities			(6,821)		(1,183)
Cash flows from financial activities
Repayment cfborrowings			(437)		(437)
Payment ofobligations under finance
leases Interest paid Net cash outflow from financing			(129) ~257	~823	(129) ~275	~838
Net increase ofcash and cash				(2,815)		3,598
equivalents
Cash and cash equivalents	at the
start ofthe year				11,170		7,572
Cash and cash equivalents	at the
end ofthe year				8,355		11 175
Analysis ofcash and cash
equivalents
Current Accounts				4,355		11,170
Deposit Accounts				4,000
Total				8,355		11,170
Net Debt
			At	Cashf low	Other	At
			01/09/21 f'000	f'000	Movements 8'000	31/08/2022 f'000
Cash			11,170	(2,815)		8,355
Loan: falling due &1 year			(437)			(437)
Loan: falling due &1 year			(5,399)	437		(4,962)
Finance Lease Obligation			356	129		227
			4,978	(2,249)		2,729

off the cost over their expect	off the cost over their expect	ed useful lives
Land is not depreciated
Freehold	Buildings	50years
Agricultural	equipment	5years
Furniture	and equipment	5-10years
Computer	equipment	2 years
Motor vehicles		5years

3	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	ACTIVITIES	ACTIVITIES
							2022 6'000	2021 f'000
	School Fees receivable	comprised:
	Gross Fees						28,421	23,599
	Less total scholarships,	bursaries			and other fee		(2,675)	(2,583)
	remissions
	Add back: Bursaries paid for by			the Hardship		Fund		21
							25,751	21,037
	Other Educational Income Comprised:
	Summer School Income						2,355
	Quarantine School/Holiday			Club			110	165
	Other Charges to Parents						2,264	1,465
	Registration Fees						73	64
							4,802	1,694
	Total Income from Charitable			Activities			30,553	22,731
4	GRANTS SDONATIONS
							2022	2021
	Unrestricted						6'000	K'000
	Coronavirus Job Retention		Grant		(CJRS)		1	735
	Donations						73	4
							74	739
	Restricted
	Donations						15	54
	Total Grants &Donations							793
5	NON-ANCILLARY TRADING INCOME
							2022	2021
							F'000	6'000
	School Shop sales						91	179
	Lettings						39	8
	Other non-ancillary income							5
							130	192
6	EXPENDITURE
							2022	2021
	Unrestric/ed funds						K'000	E'000
	Direct charitable expenditure		includes:
	The operating surplus	is stated		after charging/(crediting)
	Amorti sation						24	28
	Depreciation						1,494	1,532
	Operating Leases						95	79
	(Income) from property		leases				1	1
7	AUDITORS' REMUNERATION
							2022	2021
	For audit services						F'000	6'000
	Audit ofthe company's	financial		statements			20	19
	Forother services
	Other assurance services
							23	22

ber of higher paid employees, as defined by th	e Charities SORP, was:
	2022	2021
	No.	No.
E 60,001-E 70,000	6	6
E 70,001 - E 80,000	1	1
E 80,001 - E 90,000	2	1
E 90,001 - F100,000	1	1
E100,001 - F110,000
E110,001 - E120,000
E120,001 - F130,000
E130,001 - E140,000
E140,001 - E150,000
E150,001 - E160,000
E160,001 - E170,000	1*

ANALYSIS	OF EXPENDITURE 2022
		Staff	Other	Depreciation	Total
		Costs		&	2022
				Amokls ation
		E'000	E'000	E'000	E'000
Cost of Raising Funds
Non-ancillary	trading	37	766	87	890
Finance Cost			257		257
		37	1,023	87	1,147
Charitable	Activities
Teaching		11,470	3,534	127	15,131
Welfare		1,199	1,913		3,112
Premises		996	2,056	1,304	4,356
Support		1,867	1,158		3,025
Governance	Costs		20		20
		15,532	8,681	1,431	25,644
Expenditure	from other funds:
Restricted			20		20
Total		15,569	9,724	1,518	26,811
ANALYSIS	OF EXPENDITURE 2021
		Staff	Other	Depreciation	Total
		Costs		&	2021
				Amortisation
		E'000	000	E'000	E'000
Cost ofRaising Funds
Non-ancillary	trading	26	540	68	634
Finance Cost			270		270
		28	810	68	904
Charitable	Activities
Teaching		10,054	1,668	110	11,832
Welfare		1,086	1,579		2,665
Premises		949	1,622	1,382	3,953
Support		1,996	904		2,900
Governance	Costs		19		19
		14,085	5,792	1,492	21,369
Expenditure	from other funds:
Restricted			35		35
Total		14,111	6,637	1,5BO	22,308

INTANGIBLE ASSETS	INTANGIBLE ASSETS
Group &Charity		Software g'000
Cost
At 1 September 2021		453
Additions		38
Disposals
At 31August	2022	491
Amortisation
At 1 September 2021		393
Amortisation	charge for year	24
Eliminated on Disposals
At 31August	2022	417
Net book value
At 31August	2022	74
At 31 August	2021	60

TANGIBLE ASSETS
Group	Freehold	Freehold	Assets	Agricultural
	Property	Land	Under	Equipment
			Construction
	E'000	5'000	6'000	E'000
Cost
At 1 September 2021	34,459	664	3,166	285
Additions	49	17	5,630	66
Transfer	8,348		(8,348)
Disposais
At 31August 2022	42 856	681	448	351
Depreciation
At 1 September 2021	10,519			216
Charge for year	690			34
Eliminated on Disposals
At 31August 2022	11,209			250
Net book value
At 31August 2022	31647	681	448	101
At 31 August 2021	23,940	664	3,166	69
	IT and	Furniture	Motor	Totals
	Computer	and	Vehicles
	Equipment	Equipment
	8'000	F'000	6'000	f.'000
Cost
At 1 September 2021	2,203	11,194	688	52,659
Additions	224	712	85	6,783
Transfer
Disposais				2
At 31August 2022	2,427	11,906	771	59,440
Depreciation
At 1 September 2021	2,053	9,053	473	22,314
Charge for year	122	556	92	1,494
Eiiminated on Disposals			2	2
At 31August 2022	2 175	9609	563	23806
Net book value
At 31August 2022	252	2,297	208	35,634
At 31 August 2021	150	2 141	215	30345

TANGIBLE ASSETS	Freehold	Freehold	Assets	Agricultural
(CONTINUED)	Property	Lane	Under	Equipment
Charity	E'000	K'000	Construction E'000	6'000
Cost
At 1 September 2021	34,459	664	3,249	285
Additions	49	17	5,797	86
Transfer	8,598		(8,598)
Disposals
At 31August 2022	43,106	681	448	351
Depreciation
At 1 September 2021	10,519			216
Charge for year	690			34
Eliminated on Disposals
At 31August 2022	11,209			250
Net book value
At 31August 2022	31 897	681	448	101
At 31 August 2021	23,940	864	3,249	89
	ITand	Furniture
	Computer	and	Motor
	Equipment	Equipment	Vehicles	Totals
	6'000	6'000	K'000	K'000
Cost
At 1 September 2021	2,203	11,194	110	52,164
Additions	224	712	7	6,872
Transfer
Disposals				2
At 31August 2022	2,427	11,906	115	59,034
Depreciation
At 1 September 2021	2,053	9,053	95	21,936
Charge for year	122	556	5	1,407
Eliminated on Disposals			2	2
At 31August 2022	2,175	9,609	98	23,341
Net book value
At 31August 2022	252	2,297	17	35,693
At 31 August 2021	150	2,141	15	30,228

DEBTORS
			Group		Charity
		2022 f'000		2021 f'000	2022 f'000	2021 f'000
Fees Recoverable		871		896	871	896
Debt Provision		351		382	351	382
		520		514	520	514
Amounts owed by subsidiary
companies					230	226
Other debtors		74		17	43	4
Prepayments	and Accrued Income	419		510	419	509
		1,013		1,041	1,212	1,253

CREDITO	RS:	AMOUNTS FALLING	DUE WITHIN	ONE	YEAR
				Group			Charity
			2022		2021	2022		2021
			f'000		f'000	f'000		f'000
Net obligations		under finance
leases			129		129	129		129
Mortgage	Loans		437		437	437		437
Fees charged		in advance	442		564	442		564
Fees Paid	in Advance for Autumn
Term			2,622		3,737	2,622		3,737
Entrance	Fee	Deposits	924		780	924		780
Trade creditors			443		422	440		395
Other taxation		and social security
costs			191		268	446		280
Amounts owed		to subsidiary
companies								503
Other creditors			1,112		1,069	1,112		1,064
Accruals			976		1,220	841		596
			7,276		8,626	7,393		8,485


					2022	2021	2022	2021
					8'000	8'000	6'000	6'000
	Entrance fee	deposits			2,129	1,774	2,129	1,774
	Fees charged	in advance				37		37
	Net obligations		under finance
	leases				98	227	98	227
	Mortgage loans				4962	5399	4962	5399
					7,189	7,437	7,189	7,437
a)	Entrance fee	deposits are due as
	follows:
	Within 1 Year				924	780	924	780
	Between 2 and		5years		1,926	1,571	1,926	1,571
	After 5years				203	203	203	203
					3053	2 554	3053	2 554
b)	Fees charged		in advance are due
	as follows:
	Within 1 Year				442	564	442	564
	Between 2 and		5years			37		37
					442	601	442	601
c)	Net obligations		under finance
	leases are due		ss follows:
	Within 1 Year				129	129	129	129
	Between 2 and		5years		98	227	98	227
					227	356	227	356
d)	Mortgage loans repayable			by
	instalments	are due as follows:
	Within 1 Year				437	437	437	437
	Between 2 and		5years		1,747	1,747	1,747	1,747
	After 5years				3,215	3,652	3,215	3,852
					5,399	5,838	5,399	5,836

MOVEM	ENT ON DEFE	RRED INCOME
			2022	2021
			6'000	g'000
Deferred	income brought	forward	4,338	2,912
Release	in year		(4,301)	(3,070)
New provision added			3,027	4,496
Deferred	income carried	forward	3,064	4338

NET CASH GENERA	T	E	D	FRO	M O	PER	ATIN	G ACTIVITIES
									2022	2021
									K'000	K'000
Net incoming resources			for	the year		to date			3,979	1,475
Adjustments for:
Mortgage interest paid									257	270
Operating surplus									4,236	1,745
Amortisation of intangible			fixed		assets				24	28
Depreciation and impairment				oftangible			fixed	assets	1,494	1,532
Loss/(Profit) on disposal			of	tangible		fixed assets
Movements in working		capital:
Decrease in stock									79	19
Decrease in debtors									28	207
(Decrease)/Increase	in	creditors							1,032	2,086
									4829	5,617
ALLOCATION OF NET			ASSETS2022
					Restricted			Unrestricted	Designated	Total
						Funds		Funds	Funds
						F'000		K'000	8'000	g'000
Intangible fixed assets								74		74
Tangible fixed assets								35,634		35,634
Current assets							25	9,288	134	9,447
Current liabilities								(7,276)		(7,276)
Long term liabilities								7 189		7 189
							25	30531	134	30,690
ALLOCATION OF NET			ASSETS 2021
					Restricted			Unrestricted	Designated	Total
						Funds		Funds	Funds
						R'000		8'000	K'000	E'000
Intangible fixed assets								60		60
Tangible fixed assets								30,345		30,345
Current assets							30	6,909	5,430	12,369
Current liabilities								(8,626)		(8,626)
Long term liabilities								7437		7437
							30	21,251	5,430	26 711

FUNDS FUNDS 2022
		At 1	Income	Expenditure	Transfers	At 31
		September				August
		2021				2022
		E.'000	E.'000	E'000	E'000	E'000
Group
Unrestricted Funds
General		21,251	30,704	(26,791)	5,367	30,531
Designated funds:
New Boarding House Fund		5,367			(5,367)
Foundation Fund		63	71			134
Total unrestricted	funds	26,681	30,775	(26,791)		30,665
Charity
Unrestricted Funds
General		21,122	30,736	(26,626)	5,367	30,599
Designated funds:
New Boarding House Fund		5,367			(5,367)
Foundation Fund		63	71			134
Total unrestricted	funds	26,552	30,807	(26,626)		30,733
		At 1	Income	Expenditure	Transfers	At 31
		September				August
		2021				2022
		E'000	E'000	E'000	E'000	E'000
Group &Charity
Restricted Funds
Building Project		1				1
Hardship Fund		26		(5)		21
Music Equipment		3		(3)
Tree Project			14	(11)
Animal Management			1	1
Total restricted funds		30	15	(20)		25

FUNDS 202	1
			At 1	Income	Expenditure	Transfers	At 31
			September				August
			2020				2021
			8'000	E'000	E'000	E'000	E'000
Group
Unrestricted	Funds
General			19,213	23,678	(22,273)	633	21,251
Designated	funds:
New Boarding House Fund			6,000			(633)	5,367
Foundation	Fund		12	51			63
Total unrestricted		funds	25,225	23,729	(22,273)		26,681
Charity
Unrestricted	Funds
General			19,107	23,511	(22,129)	633	21,122
Designated	funds:
New Boarding House Fund			6,000			(633)	5,367
Foundation	Fund		12	51			63
Total unrestricted		funds	25,119	23,562	(22,129)		26,552

		At 1	Income	Expenditure	Transfers	At 31
		September 2020				August 2021
		K'000	g'000	F'000	K'000	K'000
Group &Charity
Restricted Funds
Prep —Art prize				(3)
Building Project						1
COVID-19 Hardship	Fund		40	(21)		26
Music Equipment			14	11		3
Total restricted funds		11	54	(35)		30

FUND TYPE
		Unrestricted	Restricted	Total
		Funds	Funds	2021
		6'000	f'000	5'000
INCOME FROM:
Charitable Activities		22,731		22,731
Donations and Legacies		739	54	793
Investment Income		1		1
Other Income		66		66
Non-ancillary trading	income	192		192
Total Income		23 729	54	23783
EXPENDITURE ON:
Cost of Raising Funds		904		904
Charitable Activities		21 369	35	21 404
Total Expenditure		22 273	35	22 308
Net Income		1,456	19	1,475
Transfers between	Funds
Net Movement in Funds		1,456	19	1,475
Fund Balances at 1"September 2020		25,225	11	25,236
Fund Balances at31"August 2021		26,681	30	26,711

		Dicker Enterprises	Dicker Enterprises	Letchfield Properties	Letchfield Properties
		Limited		Limited
		2022	2021	2022	2021
		E'000	E'000	E'000	E'000
Turnover		860	697	5,730	816
Expenses		893	637	5,567	796
Profit on Activities before charges		33	60	163	20
		2022	2021	2022	2021
		E'000	E'000	E.'000	E'000
Fixed Assets		192	200
Net Current Assets			22
Net Assets		193	222
Funds		193	222	9
		2022	2021	2022	2021
		E'000	E'000	E'000	E'000
Interest paid	to Charity on
Intercompany	loans